Bank of america Stories
Earnings Preview: Starbucks 2Q Profits Up After Falling Costs and Expansion
Starbucks Corp. is expected to report a higher second quarter profit as the company's expansion efforts and growing line of products, as well as the diminishing cost of coffee, continue to add revenue sources for the company.
Judge Denies AIG Motion In Bank Of America $8.5 Billion Settlement
A New York judge on Tuesday rejected an effort by AIG Inc (AIG.N) and other objectors to Bank of America Corp's (BAC.N) proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.
Protesters picket Wells Fargo meeting, 24 arrested
Police in riot gear arrested two dozen people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes.
Caterpillar Inc. (CAT) Earnings Preview: Upside Surprise Expected in Q1
Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is expected to report strong first-quarter profit on mining company demands and consumers' need to replace aging equipment.
FOMC Preview: Policy To Stay Put At April Meeting
Federal Reserve officials are expected to be in wait-and-see mode on extra stimulus at the April Federal Open Market Committee meeting this week, as little has changed since the March meeting to warrant policy changes, economists say.
Banco Santander Moving Toward IPO Of Mexican Unit: Report
Banco Santander SA, Spain's biggest bank and the euro zone's largest bank by market value, is preparing to sell part of its rapidly-expanding Mexican operations via an initial public offering, the Wall Street Journal reported Monday.
AstraZeneca Buys Ardea Biosciences For $1.26 Billion
AstraZeneca has agreed to buy U.S. company Ardea Biosciences for $1.26 billion, giving it a new gout drug to bolster its weak pipeline in a deal that feeds a wave of M&A in the biotechnology sector.
Nestle To Buy Pfizer Nutrition For $11.85 Billion
Nestle SA, the world's largest food group, said Monday that it has agreed to acquire children's food maker Pfizer Nutrition for $11.85 billion.
BofA board $20 million settlement called inadequate
Bank of America Corp directors, who were sued by shareholders for allegedly paying too much for Merrill Lynch & Co in 2008, must defend a proposed $20 million settlement of the claims in federal court in New York, court papers show.
Bill Ackman And Sam Zell On Turnarounds, Opportunities And Success
Bill Ackman and Sam Zell spoke Thursday at the NYU Shack Institute's annual REIT conference.
All Eyes On April FOMC, US 1Q GDP: Next Week’s Economic Events
The Federal Open Market Committee meeting on April 24-25, Fed Chairman Ben S. Bernanke's comments during the post-meeting press conference, and an advance reading on U.S. gross domestic product in the first quarter will dominate the economic calendar next week.
Proofpoint Shares Jump 31% In IPO
Shares of security software specialist Proofpoint (Nasdaq: PFPT) jumped as much as 31 percent in the first few minutes of trading after their initial public offering.
Asian Shares Ease As U.S. Data Cast Doubt On Recovery
Asian shares slipped Friday as disappointing U.S. economic data stirred doubts about the strength of recovery, while the yen weakened after the Bank of Japan flagged the prospect of further monetary easing to support the struggling economy.
CVC Reported Near Deal To buy AlixPartners
Private equity firm CVC Capital Partners is nearing a deal to buy restructuring and consulting firm AlixPartners for more than $1 billion, according to several people familiar with the matter.
Splunk, ‘Big Data’ Analyzer, Skyrockets In IPO
Splunk (Nasdaq: SPLK), which developed software to permit enterprise analysis of so-called “Big Data,” saw its shares skyrocket nearly 90 percent in its initial public offering.
Bank of America tops expectations on better credit quality
Bank of America Corp posted a better-than-expected first-quarter earnings on Thursday as the No. 2 U.S. bank set aside less money for loan losses and capital markets activity rebounded.
Bank of America Profit Falls On Charge
Bank of America Corp. (NYSE: BAC), the second largest U.S. bank by assets, said its first-quarter earnings fell 68 percent due to a $4.8 billion accounting charge related to debt valuation.
Facebook’s IPO Could Top $100 Billion After Instagram Deal
Facebook’s $1 billion deal to acquire Instagram may have resulted in pushing the initial public offering price for the No. 1 social media network even higher.
Wall Street To Open Flat, French Downgrade Rumors Weigh
Stocks were set to open little changed on Thursday as investors grappled with euro zone uncertainty, a raft of corporate earnings and softer-than-expected data on the domestic labor market.
Bank of America profit falls but tops expectations
Bank of America Corp reported lower first-quarter profit as the second-largest U.S. bank took accounting charges related to its debt, but results topped analysts' estimates as credit quality improved.
US Stock Futures Up After Spain Auction, Bank Earnings
Stock index futures rose on Thursday after Spain sold all of its debt at an auction and ahead of a raft of corporate earnings and economic data.
Wall Street eases on IBM, Intel; Chesapeake slumps
Stocks were lower on Wednesday after uninspiring earnings from IBM and Intel, while Chesapeake Energy slumped after a Reuters report highlighted large and unusual personal loans taken by its chief executive.
'Mass Effect 3' Ending: BioWare Responds To DLC Mistake, 'We Never Considered Charging' [VIDEO]
On April 10th BioWare released the “Resurgence Pack” as a free downloadable content addition for “Mass Effect 3” players. However, speculation stirred when a paid version of the DLC was accidentally released to the public, leaving some fans confused.
Bank of America Expected To Swing To Loss In 1Q
Bank of America (NYSE: BAC) is expected to report highly disappointing financial results Thursday morning, a development that -- as has been the case in the past -- will provide plenty of schadenfreude to the company's vociferous and numerous critics.
Morgan Stanley Seen Earning Somewhat Less Than Year-Ago, Barring Surprises
Morgan Stanley (NYSE: MS), the exalted New York house of finance that is a veritable icon of white-shoe Wall Street firms, is expected to report first-quarter financial results Thursday somewhat weaker than a year-ago, a consensus of bank analysts has noted, as the firm is unlikely to have benefited as much as peers from positive developments that lifted large-cap U.S. banks during the first quarter.
Exclusive: Bank of America puts non-U.S. wealth arm up for sale
Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.
BoA Seeks Buyer For $3B Non-US Wealth Management Business
Bank of America Merrill Lynch, the world's largest wealth manager, is seeking a buyer for its wealth management operations outside the U.S., Reuters said Tuesday.
Bank of America in deal to sell another New York building
Bank of America Corp is under contract to sell a downtown Manhattan office building and lease it back, as the big bank continues to shed properties from its balance sheet.
Pre-market Movers (ECYT, CMA, CSIQ, S, VLO, USB, BAC, CHOP, KITD, HST, GS)
The companies whose shares are moving in pre-market trade Tuesday are: Endocyte, Comerica, Canadian Solar, Sprint Nextel, Valero Energy, U.S. Bancorp, Bank of America , China Gerui Advanced Materials Group, KIT digital, Host Hotels and Resorts and Goldman Sachs Group.
Asian Stocks Fall On Chinese FDI, Spain Concerns
Most of the Asian stock markets ended lower Tuesday after data showed that foreign direct investment (FDI) into China declined for the fifth month in a row.